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    August 30, 2021

    SMU Steel Summit: Beaulieu Sees Slower Rate of Growth on the Horizon

    Written by David Schollaert

    Economist Alan Beaulieu struck a cautionary tone in the forecast he offered to attendees of SMU’s Steel Summit last week. The pace and rate of rise in steel demand and production will level off in 2022, he predicted, after skyrocketing due to pent-up demand and government stimulus following last year’s COVID-driven disruptions.

    “The massive buildup in demand will slowly dissipate and things will return, even if slowly, back to the way they were,” said Beaulieu, the president of Manchester, N.H.-based ITR Economics.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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